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Statement on the National Basketball League
Monday, April 08, 2013, 04:43:27 PM

Basketball Australia has this afternoon met with representatives from National Basketball League Clubs, in light of the Townsville McDonalds Crocodiles’ moves to surrender their license to participate in the League.

It is our intention to support a viable NBL into the 2013/14 season, and we are working collaboratively with NBL Clubs to that end.

Basketball Australia will continue to work through the NBL White Paper process in order to ascertain a strategic direction – endorsed by the Basketball Australia Board and the NBL – to give the League the best opportunity at financial success.

Regarding the Crocodiles, Basketball Australia Chief Executive Officer Kristina Keneally is writing to Barrier Reef Basketball Pty Ltd to advise Basketball Australia will not accept the immediate return of their license, as the Club has not complied with the terms of the NBL License Agreement which would allow immediate surrender.

An immediate surrender of license would require the club to demonstrate they are insolvent.